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Hyderabad: The real estate industry, which was thriving on low-interest home loans, may hit a small bump post the Reserve Bank of India’s decision to increase the repo rate by 40 bps. While the full impact of the rate hike can only be gauged after a few months, the initial reaction is that it could […]
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By V Thiagarajan Most marriages in an Indian family or mergers in Indian corporate groups normally evolve in three phases — Early Hesitancy, Intermediate Exuberance and Final Realisation. The merger of HDFC-HDFC Bank, which hogged the headlines last week, has followed the script of the first two phases so far. In the first Hesitancy Phase, […]
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The mini AC buses will ply via Cyber Towers, Mindspace, Biodiversity Park, Gachibowli, Wipro, Infosys, ICICI Bank, Financial District, and Amazon.
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Mumbai: The Indian stock markets witnessed volatile trading on Monday with the benchmark Sensex trading with a gain of 167 points at around noon after a selling pressure in the morning session. The 30 stock S&P BSE Sensex was trading at 58,000.36 points at around 12.10 pm, which is 167.39 points or 0.29 per cent […]
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Hyderabad: State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and ICICI Bank have announced changes in their banking system. These banking rules are regarding cheque payments, money transactions, fees applicable to various services, etc. SBI has hiked the limit on its Immediate Payment Service (IMPS) transactions. According to the bank, […]
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Mumbai: As the countdown to the Union Budget 2022-23 has begun, the Indian equities market is likely to remain volatile in the week beginning Monday. Market participants will try to envisage the reforms and measures that could be announced by Finance Minister Nirmala Sitharaman in the budget to be presented on February 1 and make […]
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Mumbai: ICICI Bank on Saturday said its net profit rose to Rs 6,194 crore ($833 million) in the third quarter of the current financial year, posting a year-on-year growth of 25 per cent. The bank’s core operating profit (profit before provisions and tax, excluding treasury income) increased by 25 per cent year-on-year to Rs 10,060 […]
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Hyderabad: Having a credit card gives one the financial freedom to make purchases as and when required. While it does make our purchases easier, it also has the double whammy of pushing a person into a debt trap if the payment is not made on time. And in case the payment gets delayed then the […]
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Hyderabad: ICICI Bank on-boarded 70 companies on ‘CorpConnect’, the digital platform that it launched last year to enable corporates to undertake instant payments and collections to/from their channel partners. The platform also offers instant and collateral-free digital channel financing solutions such as dealer finance for distributors and vendor finance/ reverse factoring for suppliers. The 70 […]
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Hyderabad: A bank manager working with the Alipore branch of the ICICI Bank was arrested by the Hyderabad Cybercrime police in the fraud loan app case on Monday. Rakesh Kumar Das, a manager at the ICICI Bank’s Alipore branch in West Bengal allegedly helped two persons, Anand Jannu and Nallamothu Anil Kumar, to open bank […]
